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Market Analysis Scripts and Templates - MetaTrader 5 Scripts | Forex Indicator Downloads - MT4/MT5 Resources

author EAcpu | 5 reads | 0 comments |

Script and Template for Market Analysis - script for MetaTrader 5

If you apply the script to a new chart, it will search the templates directory for the _SoHarD_dB_wyuEz_.tpl file I made (it contains all the parameters for the script) and apply it to all other charts you have open.

This script will project 6 exponential moving averages on a Chinese candle chart, the same exponential moving averages used as indicators on the Investing.com website, so you can easily see the numbers from the website projected on the chart in 6 different colors.

This has been helpful to me, so I hope you can use it to your advantage too.

In the lower part of the chart you will have 5 different indicators, the volume graph shows the rise and fall of actual volume in red and green, the average true range (7) shows how many pips the last 7 candlesticks have moved, keep in mind that this indicator has a bit of lag so it lags a bit behind on the chart, the default setting is 14 but I found it lags too much.

The RSI is below that, I've customized this as well, so now you see the high at 80% and the low at 20%, and that's in red so it's a more accurate read, and underneath that there's a stochastic oscillator custom blue upper and lower limit, a red signal line, a green average. The last one is MACD (12,26,9), where the signal lines are customized so they are easier to read.

I hope you enjoy my work and use it to your own benefit, until next time, TheDutchTrader _SoHarD_dB_w@®Ez_

In order for the script to work properly, you must copy the ".tpl" file to the correct directory, located in: MQL5 Terminal directory under "profiles\Templates"

Script and Template for Market Analysis - script for MetaTrader 5


Attachment download

📎 _sohard_db_wyuez_.tpl (11.86 KB)

📎 apply_template_sohard_db_wihez_.mq5 (1.72 KB)

Source: MQL5 #12006

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